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tax or no tax, middle east, those guys good at what they do. how you doing? >> caller: a big booyah from florida. >> what's going on, sunshine? >> caller: a called a month ago for cisco. y you told me to buy. now it's 21. you think i should buy? >> i think it's good. a very hard stock. i see the orders coming from the telco ies, so my charitable trust pulled the trigger, bought cisco. i think it will go to 24. >>> sally in california. >> caller: a big booyah to you from california. can you tell me about anteras pharmaceutical. ants. >> the injectables, very competitive. not a believe every or buyer of that particular industry, not that crazy on the stock. >>> let's go to drew in california. >> caller: dr. cramer, l.a. king stanley cup champ ba ba booyah to you. >> what's up? >> caller: thank you for getting be mac me back in the game in 2012. chesapeake, chk. >> a hard one to own frankly. i'll tell you why. my trust owns southwestern energy, which i think the ceo will tell you, a darn good company. natural gas prices won't go up i feel. and i worry about the
tax or no tax, middle east, those guys good at what they do. how you doing? >> caller: a big booyah from florida. >> what's going on, sunshine? >> caller: a called a month ago for cisco. y you told me to buy. now it's 21. you think i should buy? >> i think it's good. a very hard stock. i see the orders coming from the telco ies, so my charitable trust pulled the trigger, bought cisco. i think it will go to 24. >>> sally in california. >> caller: a big...
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. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very much. appreciate your time today. >> thank you. >> we'll see you soon, governor. thank you. >> headed towards close, sort of meandering here, and much of the decline for the dow, down 32 points, the result of boeing's decline today which we'll be talking about. >> up next, jpmorgan ceo
. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm...
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if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that didn't allow their regulations to take a bad stance. >> that's right, we like nova scotia. it's a very interesting story. one more thing, it is possible to have relations with china through canada. second-largest exporter and that is key to fueling the industry -- the steel industry. liz: that's right, huge in canada and natural technology resources. jay, nice to see you, thank you for joining us. my parents are canadian. don't be all excited that they will be that we mention canada. shares of one company traveling higher today, we will tell you which luggage maker is doing well. . . . .. look, if you have
if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have other superb financial companies too. the banks and get into all the trouble that we did. liz: canada did not allow -- they have enough good regulations, not overregulated that...
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government will take in about $210 billion in tax revenues in february. a vocal minority in washington now argues those figures show it is possible for the u.s. government to avoid defaulting on its debts even if the debt ceiling is not raised. >> and there is no reason for the government to default unless president obama and the democrats want us to. it's just a scare tactic to continue the spending that they don't want to address. that's why they keep saying, "oh, we're going to default. we're going to default. we're going to default." it's just not true. >> reporter: but talk like that scares many budget analysts in washington. they argue markets will see a failure by the unit ed states to pay any of its bills as a threat it could one day stop paying some or all of its bills, including interest on its debt. >> if we pay the chinese the interest we owe them on their sovereign debt holdings, on time and in full, but we don't pay social security recipients or armed services personnel their salaries, is that a default? well, of course it is. >> reporter: a
government will take in about $210 billion in tax revenues in february. a vocal minority in washington now argues those figures show it is possible for the u.s. government to avoid defaulting on its debts even if the debt ceiling is not raised. >> and there is no reason for the government to default unless president obama and the democrats want us to. it's just a scare tactic to continue the spending that they don't want to address. that's why they keep saying, "oh, we're going to...
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what to do with the tax man on a queue. don't go away gerri: the story of the tax payers dreadnoughts. one in every age we win that one in 2011. you can expect even more this year. especially for those high income earners. so what happens next? we have your bottom line coverage of crucial test in navigating the process. when he is the founder and president of diversified financial consultant. welcome back to the show. >> thank you. gerri: i was mentioning that the irs really win after its people last year. how is this different? >> well, they go where the money. lots of people have the money. more important, they are targeting small business owners and these are the guys are taking, they have targeted them and that is where the money is. gerri: okay, a lot of people will not be happy to hear that. let's talk about the rest. >> once people get dreaded notice in the mail, typically that is the irs looking for classification and clarification of information. they can come to your office to your account office. >> so i have hav
what to do with the tax man on a queue. don't go away gerri: the story of the tax payers dreadnoughts. one in every age we win that one in 2011. you can expect even more this year. especially for those high income earners. so what happens next? we have your bottom line coverage of crucial test in navigating the process. when he is the founder and president of diversified financial consultant. welcome back to the show. >> thank you. gerri: i was mentioning that the irs really win after its...
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you'll pay a big tax. well, apparently the repatriation is a lot more doable than they're being given credit for. i don't know exactly what that means, we'll bring it back once we do the lbo. the big question is why current management considered buying back stocks. there's a special committee here, of course. we'll see whether they can get to a price that every side agrees on and that shareholders will approve. >> yesterday, most of the day was spent pooh-poohing this deal. because of the repatriation. because of the equity check. >> it seemed to be insurmountable because the club deals are frowned upon at this point. >> then i want to ask you whether this is some sort of sea change. because this is obviously a much smaller check. yesterday we said it would be $8 billion. >> no, $4 billion to $5 billion. >> what i'm saying is, this is a rival departure from what we've seen from the little money put up. >> given the size of the hlbo - >> top line doesn't matter. this company's bottom line is larger than the
you'll pay a big tax. well, apparently the repatriation is a lot more doable than they're being given credit for. i don't know exactly what that means, we'll bring it back once we do the lbo. the big question is why current management considered buying back stocks. there's a special committee here, of course. we'll see whether they can get to a price that every side agrees on and that shareholders will approve. >> yesterday, most of the day was spent pooh-poohing this deal. because of the...
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the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue? >> ty, shares of lululemon continue to be under pressure on the back of the latest outlook. what is ahead for the yoga appear el maker? courtney is live in miami. courtney? ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t.
the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue?...
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if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corpo
if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more -...
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had that concluded at the beginning of the year is, i think people that are bearing the brunt of the tax increases, think on really marginal level are going to see to pull back in spending. and i think tiffany's preannouncement last week, they didn't give guy danidance yet, it's going to be interesting. i'm going to -- i suppose that we're going to see the first half is slightly weak and that could lead to some worries about recession. >> okay. let's move on and talk ebay here. it is moving higher in the aftermarket session after posting earnings. jon fortt joins us now with the latest. jon? >> yeah, melissa. ebay's ceo taking a bit of a victory lap now. let's look at the numbers they did in the quarter. revenue with $3.99 billion. a little bit above expectations. eps, 70 cents above the 69. the guidance came in light, but it looks like wall street is willing to shrug that off, because overall, the numbers are so strong. i'm point out marketplace was up 16% revenue. paypal up 24%. gsi up 10%. and right now, they're taking up mobile and the potential that has for the rest of this year. to
had that concluded at the beginning of the year is, i think people that are bearing the brunt of the tax increases, think on really marginal level are going to see to pull back in spending. and i think tiffany's preannouncement last week, they didn't give guy danidance yet, it's going to be interesting. i'm going to -- i suppose that we're going to see the first half is slightly weak and that could lead to some worries about recession. >> okay. let's move on and talk ebay here. it is...
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this despite talk of delaying the property tax reform due to insufficient planning and law making. >>> in hong kong all eyes on the chief executive's maiden policy speech with a focus on measures to tackle the housing crisis. developers reversed earlier losses to finish in the green, but telecos and energy majors dragged the market lower, ending down by a minor .1%. elsewhere, south korea's kospi finished marginally in the red. apple suppliers continued to weigh down the market over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector
this despite talk of delaying the property tax reform due to insufficient planning and law making. >>> in hong kong all eyes on the chief executive's maiden policy speech with a focus on measures to tackle the housing crisis. developers reversed earlier losses to finish in the green, but telecos and energy majors dragged the market lower, ending down by a minor .1%. elsewhere, south korea's kospi finished marginally in the red. apple suppliers continued to weigh down the market over...
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you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look, we're spending 24 percent of gdp and we're taking in 16%. we've got a spending problem. part of the spending problem is the recession that we've been in. the thing you've got to remember all of this has to be designed to get strong economic growth. the goal is not to cut spending or deal with the deficit. those are vehicles to get to the main goal getting the economy to grow at a faster rate. >> it is possible for someone to look at what he thinks government should provide for its citizens and it is possible to believe that 25% of gdp should be spent on government services. it is possible that he believes that
you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look,...
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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stuart: drop the personal income tax at the state level and they switch to a sales tax. that's what they are talking about doing. liz: it's being criticized because it's being considered regressive. stuart: but everybody pays. liz: i don't like the government of the state knows my income. that bothers me. charles: making exception for food groceries and also utilities. stuart: that's true. nebraska's governor joins us tomorrow on this program. he's going to talk about all this, 9:20 eastern is when we kick it off. the highlight reel is next. stuart: a program note. tomorrow charles payne sit in this chair. i am out, charles and in. here is a highlight reel. the new gum law
stuart: drop the personal income tax at the state level and they switch to a sales tax. that's what they are talking about doing. liz: it's being criticized because it's being considered regressive. stuart: but everybody pays. liz: i don't like the government of the state knows my income. that bothers me. charles: making exception for food groceries and also utilities. stuart: that's true. nebraska's governor joins us tomorrow on this program. he's going to talk about all this, 9:20 eastern is...
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the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since february of 11. liz: that is good. >> yes, there are some positive things. extra money going into the economy has helped. people feel good about it but there is a problem lying in the weeds or woods, whatever, and that is if the income was taken last year, that means income this quarter is going to be down year-over-year you even get to the higher tax rates that are kicking in now. so we're going to have a problem in terms of comparisons both year-over-year and sequentially going forward here. income growth, take-home pay for people, unless there is a phenomenal pickup somewhere in the economy and ce
the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since...
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another year where we don't see big tax revenues coming in because we're not creating a lot of jobs. the economy is growing less than 2%, and we're still bragging about what a great year it is for stock returns. >> maria, can i jump in here for a moment. >> i think, rick, got to stop looking at the glass being half empty. it will be a weak fourth quarter but that's mostly because of weak exports and inventories. the u.s. consumer doing pretty well. >> what about all the activity we pulled from the first quarter based on the fiscal cliff you? think the first quarter is really going to be that much better? >> look at the information we have now. a pry pry try survey done by isi of home builders and said january will be a blockbuster month for home building, and let me bring up two other points that don't get mentioned here. the mortgage foreclosure settlement and a couple other things on the regulatory front, the liquidity ratios being eased up, a very good environment for lending, very solid for housing. i can see a lot more reasons to be positive than negative right now. >> if intere
another year where we don't see big tax revenues coming in because we're not creating a lot of jobs. the economy is growing less than 2%, and we're still bragging about what a great year it is for stock returns. >> maria, can i jump in here for a moment. >> i think, rick, got to stop looking at the glass being half empty. it will be a weak fourth quarter but that's mostly because of weak exports and inventories. the u.s. consumer doing pretty well. >> what about all the...
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now if they make a deal on the debt deal that eliminates tax-free bonds being attacked, the tax-free bonds being attacked at the white house, then it changes as the markets are pricing in a risk that may happen. which means it doesn't happen, tax-free bonds are cheap. lori: bigger picture, we saw huge inflow of into the equity market last week. the data was shocking to a lot of people, are you seeing a rotation out of bounds because the rates have been low for so long? >> we had a massive inflow into bonds. early data would show there is a shift, but potential for a shift to stocks given the relative yields and the potential i think it's quite good, very large, i like it. lori: thank you for sharing your outlook on things. good to see you. >> thanks. tracy: i love how he said in glorious outcome, that invokes like jesus coming down to make it happen or something. lori: and i could be the next treasury secretary. tracy: and you do have nice penmanship. president obama signing 23 actions in the last hour urging out the time to act on gun violence in america. peter barnes at the white h
now if they make a deal on the debt deal that eliminates tax-free bonds being attacked, the tax-free bonds being attacked at the white house, then it changes as the markets are pricing in a risk that may happen. which means it doesn't happen, tax-free bonds are cheap. lori: bigger picture, we saw huge inflow of into the equity market last week. the data was shocking to a lot of people, are you seeing a rotation out of bounds because the rates have been low for so long? >> we had a massive...
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they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the surplus and it is av
they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond...
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i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to be a lot of focus on gun control. there has been since the shooting, and there will be when the president unveils his package today. i would caution people to look at the
i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody...